Credit Control - Accounts functions

Recruiter
Reed
Location
Cobham, UK
Salary
Competitive
Posted
23 Aug 2019
Closes
30 Aug 2019
Ref
1225906460
Contract Type
Permanent
Hours
Full-time
Level of qualification
Not qualified, Part qualified
Reporting to the FC, this individual will work closely with all finance team members and wider business employees. The main responsibilities of the AR Accounts Assistant are the accurate and timely production of client invoices (across the Group), debt collection and related activities, cash flow forecasting and management of the Group's CID (funding) Facility. The role is highly varied, with responsibilities encompassing a range of accounts receivable tasks as well as broader support to the accounts function, assisting in the monthly production of numerous entity and Group management accounts and KPIs.
• Ensure that all new projects are set-up accurately and completed on a timely basis in accordance with the company's internal procedures
• Ensure the accuracy and timely completion of all client invoices prepared monthly, taking account of any withholding taxes and other billing complexities.
• Ensure that where inaccuracies/rejections occur in the invoicing process these are accurately reported to ensure that this are captured as part of the Finance team KPIs.
• Participate and actively contribute in weekly finance team meetings, suggesting process improvements and assisting the FC in implementing these.
• Follow the written process for debt collection and in particular the formal escalation steps to the wider business to aid the Group debt collection
• Maintain the finance team monthly KPIs Financial
• Review / Prepare the monthly invoices for all live projects in the month and ensure that at least 95% of all invoices have been sent to clients within 8 Working Days of the month end, and where necessary obtain appropriate approval from >80% of client Invoicing.
• Be responsible for all the Group's credit control and cash collection matters, including sending weekly updates to the business advising on overdue debtors and escalating any debt recoverability issues to Directors, as appropriate.
• Update the short-term daily cash forecast for the Group's multi-currency, multi-jurisdictional, Group Treasury function for cash receipts into the Group's bank accounts
• Be responsible for managing the Group's Confidential Invoice Discounting Facility and providing the funder with the monthly reporting requirements in addition to ensuring that the company obtains the maximum value to draw from the Facility. Research, explain and resolve any variances between our respective ledgers.
• Actively monitor the reserve/retention levels within the Group's invoice discounting facility and work with the funding partner to minimise these retentions to maximise the Group's cash headroom
• Prepare monthly management accounts (P&L and BS) for certain Group entities, including all Balance Sheet reconciliations, margin analysis per project and division, and overhead variance analysis
• Ad-hoc financial analysis and support.

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